• The Shiba Inu global network was thrilled during the weekend with the announcement of a new website and intake system from lead developer Shytoshi Kusama.
• SHIB price has gained approximately 11 percent in February and about 56 percent YTD to trade around $0.00001275 on Monday.

The Shiba Inu (SHIB) ecosystem is gearing its efforts towards the launch of the long-awaited Shibarium layer 2 scaling solution. With the Shibarium L2 up and running, the Shiba Inu community is assured of increased token burns.



Already, the Shiba Inu burn rate has soared more than 1,700 percent over the last 24 hours according to aggregate data on the Shibburn website. Consequently, more Ethereum-based whales have been reported migrating to the Shiba Inu ecosystem in anticipation of more gains.

Closer look at Shibarium latest updates

The Shiba Inu global network was thrilled during the weekend with the announcement of a new website and intake system from lead developer Shytoshi Kusama. The Shibarium intake system is meant to locate the most promising project within the Shiba army and simultaneously keep the community organized. 

However, Kusama has cautioned the Shiba army that the project tokens associated with the Shibarium beta are for testing purposes only. As a result, crypto investors are informed not to get scammed and, therefore, should wait for the mainnet launch to purchase Shibarium-based tokens.

The launch of Shibarium layer 2 scaling solution comes at a time crypto regulatory scrutiny is heightened following the collapse of Terra Luna UST and FTX exchange last year. The United States Securities and Exchange Commission through Gary Gensler has indicated that all altcoins are bound to be classified as unregistered securities.

With Bitcoin (BTC) narrowly escaping regulatory scrutiny, Gensler recently said that all crypto projects, with people working behind the scene using investors’ money to improve the network, are unregistered securities.

With Shibarium’s new website advertising its services to global investors and DeFi developers, Gensler, and his fellow commissioners will have an easy time classifying SHIB as unregistered securities. The new Shibarium website reads.

Enhance your business with Shiba Inu’s new L2 blockchain technology! Discover the beta, become a validator, work with us, or collaborate with us, the new era has begun; we are all called to do our part to make a better place with this low cost, fast and. Powerful technology.

Can Shib hit $0.01 soon?

Having registered gains of approximately 15,462,638 percent in the past two years, it is safe to bet that Shiba Inu will register even higher gains in the subsequent bull markets. With a 24-hour trading volume of approximately $215,819,966 and a total market cap of over $6.9 billion, the Shiba Inu community continues to expect more upside in the future.



The scale toward $0.01 for Shiba Inu will require more exchange listing to improve the token’s liquidity.